Costa Rica:

Costa Rica to Sign Loan with Japan for Expansion of Geothermal Energy Projects (Tico Times)

Three projects – Pailas II and Borinquen I and II – are expected to generate 55 MWe each

A delegation led by President Luis Guillermo Solís on Monday will meet with representatives of the Japanese government to sign a $550 million loan to finance the construction of three geothermal power plants in the northwestern province of Guanacaste.

Japan International Cooperation Agency (JICA) President Akihiko Tanaka will meet with Solís at the event, along with Finance Minister Helio Fallas, Foreign Minister Manuel González, Environment Minister Edgar Gutiérrez, Planning Minister Olga Sánchez and Costa Rican Electricity Institute (ICE) Executive President Carlos Obregón.

The projects – Pailas II and Borinquen I and II – are expected to generate 55 megawatts each and will be developed by ICE in an area near the Rincón de la Vieja Volcano National Park.

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